[nitin_asce]

Nothing to be concerned about. This is just a way so that PW holders pay up in full and get their warrants converted to equity.

BCG can utilize that money to pay for their acquisitions.

[nitin_asce]

The video was clearly biased. Out of curiosity I saw the video. Intent is if we are unable to see any negative due to my positive bias then I should understand it.

However it was clearly biased. Couple of points like he mentioned increased in margin as per latest concall however he compared margin upto few quarters back. However last 2 quarters did show some margin improvement which he casually ignored.
Yhe other thing was yearly Financials were compared However he never showed quarterly numbers. If quarterly numbers were shown people would have better understood recent price increase.

[nitin_asce]

I have a query on yesterday’s concall, the query is on Google MCM partnership. Mr reddy confirmed it will have effect next quarter onwards. I am bit confused if it’s effect will come in q3 results or it will come in q4 results.
The other question is how big is this opportunity from current business perspective. Say is this partnership can increase the current ad tech business by 50% 20% or is it miniscule. Can any senior boarder help in understanding the size of Google MCM partnership opportunity.as per concall the numbers does not include effect of MCM partnership in current forecast of q3 snd q4.
I personally expect it will take few quarters to fully realize benefits of this opportunity.

[nitin_asce]

Yes true. Will BCG meet the guidance or will beat the earlier provided guidance.

My thinking is if management wants share price to move up they will try to beat the earlier provided guidance. Rest it all depends on business conditions and external factors.

Keeping finger crossed.

[nitin_asce]

Yes, true èven suresh hinted for US listing of subsidiary. Even in this quarterly concall I expect some reputed analysts to be there.

I am very happy with the bcg journey so far. But now mind has started asking me a question when will I find next bcg.

[nitin_asce]

Another great stock picker put BCG in his watchlist.

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— LearnLifeWealthTravel | Dream Big, Think Growth !! (@AnyBodyCanFly) August 23, 2021

[nitin_asce]

The intent of bonus was to force PW holders to convert their warrants by paying money. We have already seen evidence of that.

I think FPI will not get bonus shares, however if they pay money in advance and get shares by 17th Aug, I think it will be good since BCG will have lot of liquid cash now for acquisitions.

[nitin_asce]

Let’s wait for another week and everything will be clear.

[nitin_asce]

I attended the concall. SKR was brimming with confidence and I could sense that a well laid plan is already in place. The highlight of the call is when being asked on nasdaq listing, Mr SKR mentioned that he meant that only when he replied to last question. To the last question he replied that there may be some dilution at subsidiary level by diluting the stakes (my interpretation on answer provided by CEO).

I am very excited from today’s call. Would wait for posts and reviews of today’s call from senior boarders.

[nitin_asce]

One thing I could think of is to force PW investors to redeem their PW by paying balance amount before the bonus issue. The company might be seeking good opportunities and need funds. However if this is the reason than surely PW holders are not proxies of management.

@logan can you provide your views please.

[nitin_asce]

Just read in ET, draft reforms by SEBi suggest appointment and removal of independent directors shall be approved by minority shareholders as well.

The companies where corporate governance have an issue, the road will not be rosy for them in future.

[nitin_asce]

Fellow boarders and @diana one question generally greed has no limits and promoters are allowed to raise their stake upto 75%.

So the question is will this game stop even after PW are allotted.
I don’t think so.

Secondly the CEO referred P/E of4-5 in latest concall on being asked about value erosion due to PW. So is this a new game.

I am just trying to understand what will happen after PW are issued.

[nitin_asce]

@Logan thanks for your reply, I think one of the biggest takeaway which I could personally take from BCG since last FEB is that lot of issues have been resolved or getting resolved. Doubts are much lower and confidence is much higher.

I think axis is almost done and PW & daum is pending but i hope it will also be closed in 2-3 months.

Now the company will get Cash from PW around 260 crore and then LOC is also in progress i assume it will also be couple of hundred crore as a minimum.

So we are looking at at large amount of cash at this moment although usage of this cash is not clear. This looks exciting but we have some bad examples of similar situations in stock market as well where cash was not put to good use.

Lets hope for the best and wait few more months so that all legacy issues are resolved. But very exciting times ahead.

[nitin_asce]

@jay69 I agree. But my perception is at least at this moment retailers are entering the stock. So operators have to part their holdings and they cannot keep the price down indefinitely.

Let’s see what happens after PW are approved.

[nitin_asce]

@Logan and @Diana from last couple of concalls, the increase in number of retailers is claimed as if management is victorious.

However I am still not clear if management want to increase their shareholding through PW, how increased number of retailers are helping them. Generally increased retail participation leads to elevated share price and share price didn’t appreciate. Is this the reason of sounding victorious.

I heard the last 2 concalls and management was quite vocal on increased retailers.

Can you throw some light on this.

[nitin_asce]

We can also ask what happened to the big AI order which was expected few quarters back during one of the concalls and then there is no news of it.

[nitin_asce]

I think we should ignore all such notifications.

My father was in bank and I know for sure agreement is in place and only then payments are made. Otherwise bankers will take part payment and still negotiate with company on balance outstanding amount. It gives upper hand to bankers in negotiations. And suppose it has happened, then there is a very high chance that axis will ask for full repayment and will not settle for anything lesser.

I give you an example a settlement is made when bank evaluates that party is unable to pay.
Here case is different the party is unwilling to pay but has means to pay.

[nitin_asce]

@vgsatwork I agree with your statement. If promoters had money then they would have bought PW themselves.

But we should note key thing all this would end when share price rises and it will definitely happen someday. Till then it will be a test of our patience.

[nitin_asce]

I also received a deposit from DCB Bank and I am guessing its BCG dividend. However company name is not mentioned.

[nitin_asce]

I think we are only 2 weeks away from Connall. At least we can ask questions and let’s see what answer we get from bcg management.

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